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The Fox News Rundown

Inflation Hits A 40-Year High. How Can The Fed Fight It?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 14 June 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

Inflation continues to drag on the U.S. economy, with many Americans forced to adjust to harsher financial realities as the Consumer Price Index spiked to 8.6 percent just last month. Market fears about the pains of inflation have been realized, with the Dow dropping over 800 points and the S&P teetering toward a bear market. Moody Analytics Chief Economist Mark Zandi and former Trump economic adviser Stephen Moore join the podcast to break down the root causes behind soaring inflation, how the Federal Reserve may respond and to share their forecasts for the trajectory of the U.S. economy. It's been three months since Russia first invaded Ukraine, and Ukrainian President Volodymyr Zelenskyy reported that occupiers have now seized control of roughly 20% of Ukraine. Amid these global tensions, China is now posing an international threat, warning they will go to war to claim Taiwan if they declare independence. Lead Republican on the House Permanent Select Committee on Intelligence, Congressman Mike Turner of Ohio joins the Rundown to discuss how the U.S. would respond to a Chinese invasion, what can be done to aid Ukraine, and the recent developments with bipartisan gun control legislation. Plus, commentary by FOX News Medical Contributor Dr. Marc Siegel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:06.0

started

0:07.0

when everyone's home erepte work mode

0:12.0

when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

0:18.0

So, yeah, yeah, I've got you loud and clear, clear is about.

0:21.0

This is broadband made for working from home.

0:24.0

Search EE broadband, powered by BT.

0:26.7

Work mode with EE smartup plus to verify the EE.

0:28.9

C EE. C EE. C EE. C EE.

0:29.9

I'm Greg Gutfeld.

0:31.3

I'm Martha McElm.

0:32.1

I'm Brett Bear, and this is the Fox News rundown.

0:35.0

Tuesday, June 14, 2022. I'm Jessica Rosenthal. Many Americans have jobs and some savings,

0:45.0

but with food and gas prices continuing to rise,

0:48.0

how long can we hold out?

0:49.0

I think by the end of the year, you know, the bill will be still painfully high but not quite as

0:54.8

as today an even bigger question looming continues to be is a recession here

0:59.4

the markets are reacting when you've lost 11 trillion dollars in the stock market and that's how big these losses are now,

1:07.4

that's a huge hit to American savings and to American company's balance sheets.

1:13.8

So it's a very dangerous time for the country.

1:17.0

I'm Dave Anthony.

1:18.8

Russia keeps bombarding Ukraine.

...

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